Also on Thursday, data showed USA crude stockpiles rose unexpectedly last week by 1.2 million barrels.
In a follow-up Twitter message on July 4, the president said that "the United States defends many of those countries for very little $'s".
Iran'sOPEC Governor Hossein Kazempour Ardebili on Thursday took a shot at President Trump's comments, saying, "Your tweets have increased the prices by at least $10".
The cartel, in partnership with Russian Federation, has restricted oil supply for over a year to support the price per barrel after a period of sharp decline from recent highs, which caused economic turmoil for member states.
The OPEC Basket price per barrel of crude oil is about $74.
"This must be a two way street", he wrote, adding in block capitals, "REDUCE PRICING NOW!"
Oil surged in the past two weeks as the USA pushes allies to end imports of Iranian crude, disruptions persist in places like Libya and American crude inventories shrink.
In response, a senior Iranian official accused Mr Trump of sending prices even higher through his tweets.
Trump, however, is not satisfied with either the current level of oil prices or the announced production increase.
Oil prices have been buoyed by tightening supplies this year but there are signs demand may now be easing.
Iran has threatened to block oil exports through a key Gulf waterway in retaliation against any hostile United States action. The global benchmark dropped 24 cents, or 0.3 percent, to $78 a barrel at 3 p.m.in London. The International Energy Agency estimates OPEC's spare capacity could fall in to around 2.5 mbpd (excluding Iran) - by the first half of 2019, its lowest level since the end of 2016 when record production from the Middle East reduced spare capacity to around 1.9 million bpd.
OPEC and Russian Federation said in June they were willing to raise output to address concerns of supply shortages due to unplanned disruptions from Venezuela to Libya, and likely also to replace a potential fall in Iranian supplies due to US sanctions.
ROSTOV-For the second World Cup in succession, Belgium has swept through the group stage with three wins and stylish football. Teams such as Brazil or Mexico could await them in the quarterfinals, while France or Uruguay loom further down the line.
The proposition of countries volunteering to set up controlled migrant processing centres is one of many vague points of the deal. Europe's leaders got the bitter taste of what anti-system diplomacy, or creative disruption means.
Angry critics have blamed Georgina for Portugal's 1-2 defeat in Saturday's pulsating game in which Ronaldo failed to find the net. Cavani had to fall behind the line of the ball to help out in midfield. " Uruguay's biggest strength is Uruguay", he said .
The email scanning comes into play when you give third-party apps permission to access your Gmail account details. Edison Software did the same for "hundreds of users" when building a new feature, the paper says.
O'Connor also reported James is not expected to sign with the Lakers on a long-term deal, if he does choose Los Angeles. It was the ultimate win for Goliath - and when it comes to basketball, the Lakers and LeBron James are titans.
George declined his $20.7 option with the Thunder and entered will soon enter free agency, but that move was widely expected. Philadelphia star Joel Embiid weighed in on Twitter saying, "The Lakers are FOREVER gonna be Kobe's and Magic's team".
A good way of thinking about this: If James had chosen to stay with the Cleveland Cavaliers , it would be a relatively safe call. In fact, James might not even speak with top team officials before making a decision on his destination for next season.
The Trump Administration last month requested a study on the national security risks of imported cars and auto parts. For example, 48 per cent of the vehicles Nissan sold in the USA past year were imported from overseas.
After their slow start it was ultimately no more than the Selecao deserved, as their bid for a sixth world title marches on. Neymar is through on goal, his shot is saved and it falls to Firmino to tap it into an empty net.
So, it would seem those discussions have progressed far enough for Toys "R" Us to some hope to fans through that initial post. The toy giant filed for bankruptcy in September 2017 and announced liquidation sales shortly after, CBS New York reports.
Sacha Baron Cohen Teases New Trump Project
Of the celebrities that have verbally opposed Donald Trump as President, Sacha Baron Cohen is arguably among the loudest. The clip fades to a logo of Trump University as the text " Sacha Graduates Soon" appears on screen.
Is This Samsung’s Galaxy Tab S4 Launching At IFA 2018?
According to their source , and the renders, it will come in Black for sure but there is also a strong rumour for a grey variant. The Galaxy On6 has a taller display, which is 5.6-inches in size, though it sports an HD+ resolution which is 1440 x 720 pixels.
Cavs GM called LeBron; Sixers in L.A. to meet his agent
Rich Paul informed the Cavaliers on Friday that he would not opt-in to his $35.6 million contract for the 18-19 season. As of right now, it appears Los Angeles is the favorite to sign him based on the on and off the court opportunities.
Durant, Paul to re-sign with teams
But the Warriors seem confident that he can keep coaching for a long time, especially after signing him to this extension. On one hand, Crawford, 38, is an older player that would be joining a Golden State team looking to get younger.